Xiaomi’s new Mi VR is a virtual reality headset that uses your phone as a display… much like any number of existing headsets. But this $29 model has a built-in motion sensor and works with a handheld 9-axis motion controller.

Xiaomi says the headset’s motion sensors feature 16ms low-latency, and the Mi VR can work with a number of recent Xiaomi smartphones including the Mi 5, Mi 5s and 5s Plus, and the Mi note 2.

The company is also introducing a new MIUI VR store for downloadable content. At launch, there are more than 30 VR apps and over 500 videos meant to be viewed with a VR headset.

Overall, the headset seems like a big step up from the model Xiaomi launched a few months ago, which was basically Xiaomi’s take on a Google Cardboard headset. But it’s a bit too early to say how it will fare against new headset based on Google’s Daydream VR platform.

Google is also said to be working on a new headset that supports eye-tracking technology, and which doesn’t use a smartphone for its display and processing power.